Virgin Australia Business Flyer Moneytech Partner Terms & Conditions (09/01/2023)
Apply and Settle a finance facility with Moneytech and Virgin Australia Business Flyer members can earn Velocity Points:
- Trade finance, debtor finance or term loan
- $500,001+ = 200,000 Points
- $250,001-$500,000 = 100,000 Points
- $250,000 or less = 10,000 Points
If more than one facility is approved and settled the points will be issued on the aggregate limit.
2. Line of credit (LOC): 10,000 Points per LOC.
3. Ongoing Line of Credit: 1 Point for every $20 drawn
4. Equipment finance: 10,000 points per facility
Fractions of Velocity Points will not be allocated. The total Points awarded are calculated by applying the Points earn rate to the number of $20 increments you have drawn from your facility, with increments of less than $29 rounded down to the nearest whole number. For example, a drawdown of $22.50 would earn 20 Velocity Points.
Velocity Points will be awarded to the nominated Virgin Australia Business Flyer account, which is linked to the relevant Moneytech account at the time of the relevant earn activity. Velocity Points will be allocated to the member’s account within 30 business days of completing the relevant earn activity, unless otherwise stated in connection with a specific campaign. Velocity Points are not exchangeable and cannot be taken as cash.
To earn Velocity Points, you must be a current Virgin Australia Business Flyer member. Membership and Velocity Points earn is subject to the Virgin Australia Business Flyer Terms and Conditions and the Velocity membership Terms and Conditions, and any changes to the Member benefits and features, including Points earn with Moneytech, will be governed by those Terms and Conditions. Velocity collects and handles your personal information in accordance with its privacy policy, and Velocity collects and handles your personal information in accordance with its privacy policy.
Moneytech finance facilities are provided by Moneytech Finance Pty Ltd ABN 24611393554. Moneytech products are subject to the Moneytech Terms and Conditions (as applicable). Moneytech collects and handles your personal information in accordance with its Privacy Policy.  Moneytech Finance Pty Ltd is not responsible for the redemption of Velocity Points – please contact Velocity regarding any queries relating to the redemption of Velocity Points.
If you link your Virgin Australia Business Flyer membership to your Moneytech account, Moneytech will share some of your personal information with Velocity. Velocity and Moneytech may use your personal information for purposes related to your linked accounts, including to: (a) confirm that you are a Virgin Australia Business Flyer member, (b) link your accounts, and (c) allow you to access details about your Virgin Australia Business flyer account, such as your membership number, from within your Moneytech application.
You can de-link or manage your linked accounts at any time through your profile in your Moneytech account settings.
Points are allocated at the sole discretion of Moneytech.
Conditions of entry into Virgin Australia Business Flyer Moneytech Equipment Finance Campaign Partner Terms & Conditions
- Moneytech customers can receive 10,000 bonus Velocity Points for their business when they apply for an eligible Equipment Finance Loan with Moneytech between 4th August 2023 and 30th September 2023 and it is approved and settled by the 31st October 2023, in accordance with all applicable terms and conditions for this offer.
- Any Moneytech customer who wants to use this offer must be a current Virgin Australia Business Flyer member and must link a valid Virgin Austalia Business Flyer account to be eligible for this offer of bonus Velocity Points.
- Any bonus Velocity Points your business is entitled to earn through this offer will be allocated to your Virgin Australia Business Flyer account within 30 days of the eligible Equipment Finance Loan settling.
- This bonus Velocity Points offer is valid for new and existing customers of Moneytech who settle an eligible Equipment Finance Loan within the applicable time period for the offer However, this offer is limited to one allocation of 10,000 bonus Velocity Points per Moneytech customer.
- Moneytech finance facilities, including Equipment Finance Loans, are provided by Moneytech Finance Pty Ltd ABN 24611393554. Moneytech products are subject to the Moneytech Terms and Conditions.
- Any Velocity Points allocated pursuant to this offer will be allocated at the sole discretion of Moneytech.
- Membership of Virgin Australia Business Flyer and Velocity Points earn is subject to the Virgin Australia Business Flyer and Loyalty Terms and Conditions, and any changes to the member benefits and features, including Velocity Points earn on products offered by Moneytech, will be governed by those Terms and Conditions. Velocity collects and handles your personal information in accordance with its Privacy Policy.
- Velocity Points are not exchangeable and cannot be taken as cash. These terms and conditions are subject to change at any time.